Mars says it will raise prices on many candies
HARRISBURG, Pa. Mars, the maker of popular candies such as M&M’s and Snickers, has said that because of the rising costs of ingredients, production and packaging, it is raising prices of several of its products.
The news of the Mars price increase comes on the heels of a similar announcement released by Hershey Co. earlier this week. Both companies had announced price hikes previously this year in January.
Mars has not named which of its items will be affected by the price increase, but did state that the price changes would begin Oct. 17 and other increases could take affect through March of next year.
Miller beers to resurrect ‘Great Taste, Less Filling’ slogan
MILWAUKEE MillerCoors LLC has said that it will bring back its “Great Taste, Less Filling” ads for football season. The company, which formed after Molson Coors Brewing Company and the U.S. arm of SABMiller joined earlier this year, announced the tagline’s comeback in a letter to distributors Tuesday.
The tagline will appear in ads airing Sept. 1 which play off of last year’s “More Taste League” campaign.
U.S. Miller Lite radio spots will also air the “Great Taste, Less Filling” tags, a slogan that was devised some 30 years ago, company said. The tagline hasn’t been widely used since 1991, according to MillerCoors.
Pepsi, Starbucks plan expansion of Tazo tea distribution
PURCHASE, N.Y. and SEATTLE PepsiCo and Starbucks have said that they will distribute Tazo bottled iced teas more widely beginning this fall. The move comes as a response to slowing U.S. sales of carbonated soft drinks and a move on Pepsi’s part to boost bottled beverage sales.
The two companies said they plan to give Tazo ready-to-drink teas more exposure and expand their presence beyond Starbucks coffee shops by making the teas available across the United States by mid-October.
Additionally, Starbucks, PepsiCo and Unilever will make and sell Tazo drinks, expanding on a distribution partnership already in place to handle and distribute Lipton teas.
According to the Nielsen Company, ready-to-drink tea sales grew by 6.6 percent for the year ended in July—a slowdown from three years prior. But analysts predicted that the slowdown was due more in part to lighter consumer spending of late, and they said that tea sales were likely to blossom again, once the U.S. economy rebounds.